THE IMPORTANCE OF INNOVATION POLICY FOR SUSTAINABLE TRANSFORMATION OF AGRICULTURE IN SERBIA

Climate changes and ecological sustainability in agriculture and food production in Serbia, the region and Southeastern Europe : proceedings, (pp. 352-360)

AUTHOR(S) / АУТОР(И): Jovana Simić1, Dragan Miletić2

1Faculty of Economics, University of Kragujevac, Liceja Kneževine Srbije, Kragujevac, Serbia; 2 Sanitary medical school of applied sciences VISAN, Belgrade, Serbia

Download Full Pdf   

DOI: 10.46793/MAK2025.352S

ABSTRACT / САЖЕТАК:

Innovation in agriculture is increasingly recognized as a critical driver of sustainable economic growth, particularly in developing countries like Serbia. The agricultural sector in Serbia plays a vital role in the national economy, necessitating a shift towards sustainable agricultural practices that leverage innovation and technology. Government support is essential for fostering an innovative agricultural environment. Effective policies that promote agricultural extension services and provide financial assistance are crucial for encouraging farmers to adopt new technologies and practices. Given the centralized system of innovation support, Serbian government has a pivotal role in creating a conducive regulatory framework that not only facilitates innovation but also addresses the unique challenges faced by the agricultural sector, such as land management and environmental sustainability. This paper examines specific ways in which public support for innovation in agricultural sector is carried out in Serbia, mainly through analyzing the activities of the Innovation Fund of Serbia.

KEYWORDS / КЉУЧНЕ РЕЧИ:

Agriculture, Innovation, Sustainability, Public policy, Innovation Fund

REFERENCES / ЛИТЕРАТУРА:

  • Ayuba, A. (2021). Can foreign direct investment complement or substitute public agricultural spending for the sustainability of the agricultural sector in Nigeria? Empirical evidence using MonteCcarlo simulation. JAES, 16(16), 302. doi.org/10.57017/jaes.v16.3(73).05
  • Abate, G., Rashid, S., Borzaga, C., Getnet, K. (2016). Rural finance and agricultural technology adoption in Ethiopia: Does the institutional design of lending organizations matter?. World Development, 84, 235-253. doi.org/10.1016/j.worlddev.2016.03.003
  • Akber, N., Paltasingh, K. (2019). Is public investment complementary to private investment in Indian agriculture? Evidence from NARDL approach. Agricultural Economics, 50(5), 643-655. doi.org/10.1111/agec.12515
  • Arham, M., Fadhli, A., Dai, S. (2020). Does agricultural performance contribute to rural poverty reduction in Indonesia?. JEJAK, 13(1), 69-83. doi.org/10.15294/jejak.v13i1.20178
  • Babić, V., Milosevic, B., Maksimović, G. (2015). Economic subsidies in agriculture. Ekonomika Poljoprivrede, 62(3), 693-704. doi.org/10.5937/ekopolj1503693b
  • Basso, M. (2024). Agriculture evolution, sustainability and trends, focusing on Brazilian agribusiness: a review. Frontiers in Sustainable Food Systems, 7. doi.org/10.3389/fsufs.2023.1296337
  • Despotović, D., Ristić, L., Dimitrijević, M. (2019). Significance of innovation for sustainable economic and agricultural development in the Reublic of Serbia. Facta Universitatis Series Economics and Organization, 389. doi.org/10.22190/fueo1904389d
  • Dimitrijević, M. (2023). Trends in the financing of agriculture in the Republic of Serbia. Bankarstvo, 52(4), 70-103. doi.org/10.5937/bankarstvo2304070d
  • Dimitrijević, M. (2024). Innovativeness of the agri-food sector as a function of sustainable development. Ekonomika Preduzeca, 72(5-6), 333-342. doi.org/10.5937/ekopre2406333d
  • Fan, S., Gulati, A., Thorat, S. (2008). Investment, subsidies, and pro‐poor growth in rural India. Agricultural Economics, 39(2), 163-170. doi.org/10.1111/j.1574-0862.2008.00328.x
  • Fowowe, B. (2020). The effects of financial inclusion on agricultural productivity in Nigeria. Journal of Economics and Development, 22(1), 61-79. doi.org/10.1108/jed-11-2019-0059
  • Gao, Q., Cheng, C., Sun, G., Li, J. (2022). The impact of digital inclusive finance on agricultural green total factor productivity: Evidence from China. Frontiers in Ecology and Evolution, 10. doi.org/10.3389/fevo.2022.905644
  • Gawande, V., Saikanth, D., Sumithra, B., Aravind, S., Swamy, G., Chowdhury, M., Singh, B. (2023). Potential of precision farming technologies for eco-friendly agriculture. International Journal of Plant & Soil Science, 35(19), 101-112. doi.org/10.9734/ijpss/2023/v35i193528
  • Grujić, B., Nikolić, S., Simonović, Z. (2019). The scope and structure of the incentives in  agriculture and rural development in the Republic of Serbia. Facta Universitatis Series Economics and Organization, 327. doi.org/10.22190/fueo1903327g
  • Grujić-Vučkovski, B., Simonović, Z., Ćurčić, N., Miletić, V. (2022). The role of agriculture in the economic structure of Serbia and budget support for rural development of Kladovo municipality. Ekonomika Poljoprivrede, 69(3), 863-876. doi.org/10.5937/ekopolj2203863g
  • Issa, A. (2024). IOT and AI in livestock management: a game changer for farmers. E3s Web of Conferences, 491, 02015. doi.org/10.1051/e3sconf/202449102015
  • Ivezić, A. (2023). Drone-related agrotechnologies for precise plant protection in Western Balkans: applications, possibilities, and legal framework limitations. Agronomy, 13(10), 2615. doi.org/10.3390/agronomy13102615
  • Jurjević, Ž., Bogićević, I., Đokić, D., Matkovski, B. (2019). Information technology as a factor of sustainable development of Serbian agriculture. Strategic Management, 24(1), 41-46. doi.org/10.5937/straman1901041j
  • Kryszk, H., Kurowska, K., Marks-Bielska, R. (2022). Legal and socio-economic conditions underlying the shaping of the agricultural system in poland. Sustainability, 14(20), 13174. doi.org/10.3390/su142013174
  • Liu, Y., Ji, D., Lin, Z., An, J., Wei, S. (2021). Rural financial development impacts on agricultural technology innovation: Evidence from china. International Journal of Environmental Research and Public Health, 18(3), 1110. doi.org/10.3390/ijerph18031110
  • Ljubojević, R., Blanuša, A., Petrović, S. (2022). Agrarian strategy and policy of the Republic of Serbia. Ekonomika Poljoprivrede, 69(3), 897-909. doi.org/10.5937/ekopolj2203897l
  • Madžar, L. (2021). Agricultural innovations, extension, finance and rural loans in the Republic of Serbia: the case of logistic regression. Annals of the Polish Association of Agricultural and Agribusiness Economists, XXIII (4), 129-148. doi.org/10.5604/01.3001.0015.5786
  • Milošević, G., Kulić, M., Đurić, Z., Đurić, O. (2020). The taxation of agriculture in the Republic of Serbia as a factor of development of organic agriculture. Sustainability, 12(8), 3261. doi.org/10.3390/su12083261
  • Miletić, D., Simić, J. (2024). Factors for improving the agricultural sector in the Republic of Serbia. In M. Jovičić (Ed.) 11. Jeep International Scientific Agribusiness Conference MAK 2024 Kopaonik “Food for the future – vision of Serbia, region and Southeast Europe” Proceedings. WORLD Kraljevo & Institute for plant protection and environment Belgrade
  • Mizik, T. (2016). Land policy and farm structure: challenges and opportunities for agriculture in the Western Balkans. Society and Economy, 38(2), 157-170. doi.org/10.1556/204.2016.38.2.2
  • Mogues, T., Ayele, G., Paulos, Z. (2011). The bang for the birr: public expenditures and rural welfare in Ethiopia. The Journal of Development Studies, 47(5), 735-752. doi.org/10.1080/00220388.2010.509925
  • Nwosa, P. (2021). Unconditional factor demands and supply response for livestock products: a farm-level analysis of the southern rangelands of Kenya. African Journal of Agricultural and Resource Economics, 16(3), 253-263. doi.org/10.53936/afjare.2021.16(3).17
  • Oladoyinbo, O. (2023). Comprehensive synthesis and integrative review of agricultural dynamics in southwest Nigeria: assessing economic viability, technological advances, and rural development approaches. Asian Journal of Agricultural Extension Economics & Sociology, 41(11), 312-328. doi.org/10.9734/ajaees/2023/v41i112288
  • Ristić, L., Todorović, V., Jakšić, M. (2018). Limitations and opportunities for funding agriculture and rural development in the Republic of Serbia. Ekonomika Poljoprivrede, 65(3), 1123-1138. doi.org/10.5937/ekopolj1803123r
  • Uzhinskiy, A. (2023). Advanced technologies and artificial intelligence in agriculture. AppliedMath, 3(4), 799-813. doi.org/10.3390/appliedmath3040043
  • Đurić, K. (2024). Direct payments as a factor of agriculture development in the Republic of Serbia. Journal of Agronomy Technology and Engineering Management, 7(3), 1105-1113. doi.org/10.55817/iegh1390
  • Đurić, K., Cvijanović, D., Prodanović, R., Čavlin, M., Kuzman, B., Bulatović, M. (2019). Serbian agriculture policy: economic analysis using the PSE approach. Sustainability, 11(2), 309. doi.org/10.3390/su11020309